Singapore-born tycoon Low Tuck Kwong built a US$27.9 billion fortune by investing in his coal mining business even as experts repeatedly forecast that demand for the fuel would taper off.
Singapore regulator, banking association to set up new payments entity
Singapore’s financial regulator and the Association of Banks in Singapore (ABS) said on Wednesday they will set up a new entity to consolidate the administration and governance of national payment …
New payments entity and automated verification tool to boost Singapore’s status as finance hub
New entity will consolidate the administration and governance of payment schemes such as PayNow. Read more at straitstimes.com.
Smaller countries may ‘have to choose’ between the U.S. and China, warns author Robert Kaplan: ‘Great powers in decline can tend to be very aggressive’
For decades, countries like Singapore and Australia and others were able to essentially get rich off China, and be protected by the U.S. Navy,” Kaplan explained. “They didn’t have to choose.”
Singapore’s DBS surges to record on higher margins, capital return plans
Shares of DBS soared to a record high on Monday after Singapore’s largest bank flagged an improvement in net interest income for 2025 and a dividend capital return plan, in line with a jump in …
Singapore bank DBS fourth-quarter net profit rises 10% on year, meets forecast
DBS Group , Singapore’s biggest bank, posted a 10% rise in net profit in the fourth quarter from a year earlier on the back of growth in both commercial book and markets trading, according to stock …
Malaysian property tycoon Ong Beng Seng diagnosed with bone marrow cancer amid legal proceedings, sources say
SINGAPORE, Feb 8 — Prominent Malaysian property tycoon Ong Beng Seng, who is currently facing charges linked to Singapore’s former transport minister S Iswaran’s corruption case, has been diagnosed …
Nearly 8,000 firms benefited from programmes by the Singapore Business Federation in 2024
Nearly 8,000 companies benefited from programmes by the Singapore Business Federation last year. The SBF, a body that represents more than 32,000 businesses, also saw more members joining last year …
New AI chatbot in Singapore could replace buyer’s agent in property deals
Maia, as the AI bot is called, is the first of its kind here and takes only a 0.2% commission. Read more at straitstimes.com.
Hong Kong’s Gaw Capital buys iconic Tokyo mall for over $1 billion
Real estate private equity firm Gaw Capital and Singapore-based investor Patience Capital Group have completed the acquisition of Tokyu Plaza Ginza, a prime mall in central Tokyo, in a deal worth more …